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Crypto

Bitcoin, crypto stocks rebound after Clarity bill setback

Bitcoin regained the $80,000 level on Sept. 19, rising about 5 percent in 24 hours and briefly reaching $81,034 on Bitstamp, data showed. The move reversed a slump after the U.S. Senate failed to pass the Clarity bill on Sept. 15. Investor sentiment improved after the CFTC and SEC took crypto-related steps using existing authority. Crypto-linked stocks jumped on Sept. 18, while short liquidations rose as U.S. Treasury yields climbed.

Crypto

Crypto stocks slip after U.S. Senate stalls Clarity Act; Coinbase, Circle drop

U.S. crypto-related shares fell on Sept. 15 after the Senate failed to clear the procedural step needed to advance the Clarity Act. Coinbase and Circle slid about 10 percent, while bitcoin miners and companies holding bitcoin also declined. The bill would set rules for the U.S. digital-asset market and define the jurisdictions of the CFTC and SEC. Bitcoin briefly dipped below $75,000 after the vote before recovering to around $76,000.

Crypto

Fidelity seeks to add staking to Ethereum spot ETF FETH

Asset manager Fidelity has filed documents with the U.S. Securities and Exchange Commission to add staking to its Ethereum spot exchange-traded fund, FETH. The filing outlines a structure to generate staking rewards using the Ethereum held by the fund, with up to 100% eligible for staking excluding amounts needed for redemptions, costs and liquidity. Fidelity said 85% of rewards would go to FETH and 15% to staking fees, and it plans quarterly cash distributions without guaranteeing payments.